Review of TRAC 2021

November 2021

The UK Higher Education Regulators and Funders (Financial Sustainability) Group (RFG), consisting of representatives of the Office for Students, UK Research and Innovation and the higher education funding bodies for Wales, Scotland and Northern Ireland, commissioned a review of the Transparent Approach to Costing (TRAC), in response to the government’s request as part of a wider review of bureaucratic burden.

The review has been conducted by KPMG and has been published today, alongside a statement from the RFG on the report’s findings and recommendations.

See the TRAC Review

See the statement from the RFG

About TRAC

Understanding costs in higher education

More about TRAC